| (1) | The Corporation must determine the personnel, accommodation, facilities, use of assets, resources and other services that it requires to function effectively. |
| (a) | enter into secondment arrangements in respect of persons; |
| (b) | engage persons on contract otherwise than as employees; |
| (c) | enter into contracts; |
| (d) | acquire or dispose of property; |
| (e) | insure itself against any loss, damage, risk or liability that it may suffer or incur; and |
| (f) | do anything else necessary for the performance of its functions. |
| (3) | The Corporation may not enter into a secondment arrangement in respect of a person, or engage a person on contract, unless the person and the Corporation have agreed in writing on— |
| (a) | the performance measures that will be used to assess that person’s performance; and |
| (b) | the level of performance that must be achieved against those measures. |
[Section 166AX inserted by section 51 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 24 March 2023 per (a) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
